HSBC appoints new head of securities financing from BNP Paribas
Incoming head brings multiple decades worth of experience to HSBC, having previously held leadership positions at BNP Paribas, Deutsche Bank, Bank of America and Lehman Brothers.
Incoming head brings multiple decades worth of experience to HSBC, having previously held leadership positions at BNP Paribas, Deutsche Bank, Bank of America and Lehman Brothers.
FundGuard adds experience to its ranks after $12 million funding round earlier this year which saw backing from former State Street, HSBC and JP Morgan executives.
Mandates continue to roll in for HSBC’s ETF services in Asia Pacific.
The two hires rounds of a string of top appointments the US bank has made for its global securities services business this year.
The milestone represents a 30% year-on-year increase, while assets under administration (AuA) also reached a new high.
Regulations such as DORA and CSDR are combining in a way that is forcing many to make some tough choices about who carries out these post-trade functions.
The appointment follows a spree of global custody mandates won by HSBC in the UK.
With the demands from asset managers for environmental, social and governance (ESG) data and transparency increasing exponentially, Chris Johnson, senior product manager, market data, securities services at HSBC, discusses how the service fits in with a custodian’s offering and the process that goes into creating a usable and suitable product.
HSBC will provide global custody and fund administration services to all 34 UK-authorised funds offered by True Potential.